Source: Brownfield
University of Missouri livestock economist Scott Brown states that the latest USDA Cattle on Feed report shows the herd size remains stagnant, and beef cow slaughter has slowed, suggesting no significant herd growth. This trend could lead to higher beef prices.
Brown advises producers to implement risk management strategies promptly, noting how rapidly cattle inventories can shift, as seen in the 2014/2015 period. April’s cattle placements were 94.2% of last year’s, and cattle on feed as of May 1st were 99.1% of the previous year.
Read the full story HERE: https://www.brownfieldagnews.com/news/livestock-economist-says-robust-expansion-of-the-cattle-herd-still-isnt-happening/